DID YOU KNOW?
In the current CHE University Ranking 2023/24, Munich Business School mainly achieves above-average ratings in all ranking categories.
Consulting, or business consultancy, is a professional service in which experts (consultants) advise internal or external clients. The aim is to solve specific problems, increase efficiency or improve strategic decisions. Consultants offer their expertise in various areas such as management, finance, IT, marketing or organizational development. Consulting can be provided on a temporary basis for specific projects or on an ongoing basis as part of a longer-term partnership. Companies often rely on external consultants to benefit from their expertise and objective perspective.
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The world of consulting is multifaceted and requires a combination of academic qualifications and personal skills. In addition to academic requirements, certain personal characteristics and skills are crucial to success in the consulting industry. In the following, the relevant aspects are examined in more detail in two different lists.
The following scheme shows that International Governance & Business Development and International Finance are two suitable specializations that you can choose in the Bachelor's Program International Business at MBS in order to easily become a consultant in the appropriate field after graduation.
There are various degree programs in Germany that prepare students for a career in consulting. Here are some of the relevant courses:
It is important to note that not all universities offer explicit "consulting" degree programs. Instead, students can tailor their apprenticeship to the field of consulting by choosing specializations, internships and relevant electives.
At Munich Business School, you can study International Business in the Bachelor's program with a focus on consulting. This gives you the perfect mix of Business Studies knowledge and consulting experience to shape your future according to your dreams. These are the most important facts about the Bachelor's Program at MBS:
6 Semesters + Bachelor Thesis
Bachelor of Arts, 210 ECTS
Annually in February and September
Bachelor International Business
German/English
995 EUR per month
In presence at the campus in Munich
Semester abroad, Internships, Specializations & Electives
6 Focus areas including International Governance & Business Development and International Finance
What you will learn in the
Consulting Study Program
| Business Fundamentals | Students gain a deep understanding of business principles, including finance, marketing, human resources and management. |
|---|---|
| Strategic Management | The study often includes courses that focus on developing and implementing business strategies to achieve long-term goals. |
| Organizational Development | The field of organizational development includes courses that focus on the design and improvement of organizational structures, processes and cultures. |
| Problem Solving | Students learn to analyze complex business challenges and develop innovative solutions. |
| Project Management | Since consulting is often project-based, project management skills are taught to efficiently plan, implement and monitor projects. |
| Communication and presentation skills | As interaction with clients and the clear presentation of results are central, communication skills are intensively trained. |
| Case study analysis | Working with real-life case studies enables students to gain practical insights into real business challenges and present their solutions. |
| Digital transformation | Due to the increasing importance of technology in companies, knowledge in the field of digital transformation is also taught. |
A consulting study program teaches a wide range of skills and knowledge required for a successful career in business consulting. These were just some of the typical contents that can be covered in a consulting study program. It is important to note that the exact content of a consulting study program can vary depending on the program and university. Through internships and practical projects, students often have the opportunity to apply their knowledge in the real corporate world.
Both routes to becoming a consultant have their advantages and disadvantages.
The study of Business Studies with a focus on consulting provides a comprehensive foundation that covers the diverse aspects of the corporate world. In comparison, studying consulting alone could potentially be too specific and neglect the breadth of business knowledge. A Business Studies degree allows students to not only focus on consulting, but also understand other important business areas such as finance, marketing and human resources.
The broad Business Studies approach provides a versatile platform for aspiring consultants. Consultants must not only be subject matter experts in their consulting areas, but also have an understanding of the entire organization. A Business Studies degree allows students to prepare for different industries and business functions, which is an advantage in the dynamic world of consulting. It also opens up the opportunity to specialize in consulting during their studies, whether through special courses, internships or research projects.
Business Consultant Studies with a focus on consulting thus offers a balanced mix of broad business knowledge and specific expertise, making alumni in business consultants sought-after and versatile professionals.
Munich Business School not only offers you a solid Business Studies program, but also focuses on international business so that you can pursue your chosen profession anywhere in the world after graduation. The Bachelor International Business at MBS offers many highlights such as semesters abroad, internships, business projects, plenty of opportunities for networking and much more. At Munich Business School, you can expect small study groups, dedicated teachers and award-winning programs. But more importantly, your name counts with us. Here, you are not an anonymous member, but the driving force that motivates us every morning. As a small, private university, we take time for your concerns and offer you a tailor-made study experience. Our lecturers have extensive practical experience and teach you skills that really count. In addition to in-depth business knowledge, we also promote values and skills that will give you an understanding of sustainability and social responsibility as a future consultant and prepare you optimally for a wide range of professions.
MBS offers students a number of advantages that are only possible thanks to its form as a private university of applied sciences. You will benefit from the following points during your studies at MBS:
e.g. Mentoring Program & other educational opportunities such as the Pre-Bachelor Program
Finance and Management
Broad Business Studies & specialized Knowledge through 6 focal points
Professors with Experience in Business & Specialists as Guest Lecturers
Partner universities all over the world & many networking opportunities
There isn't specifically a degree program called "consulting," but there are degree programs that prepare students for a career in business consulting. The typical process may vary depending on the university and program, but here are general aspects:
There is no specific degree that is referred to as a consulting degree. The degree you receive at the end of a study program focused on consulting depends on the field of study you choose. Here are some possible degrees:
The degree enables alumni to begin a career in business consultancy. The exact title of the degree varies depending on the university and the degree program chosen. It is important to review the program details and specific concentrations to understand the exact degree you will receive after completing a degree with a focus on consulting.
We firmly believe that success will only be achieved by those who see international business and management in a holistic context, taking into account social developments, political, historical and global contexts.
The International Business Bachelor program at MBS is not only much more than just learning specialist knowledge, but also a forward-looking program. If you want to look at international business administration in a holistic context, then you've come to the right place. During your Bachelor of Arts in International Business, our lecturers will support you in becoming a responsible business person who not only has professional competence, but also essential soft skills, a broad cultural understanding and a strong personality.
Our Bachelor in International Business is characterized by its compact structure. It comprises six to seven semesters of study and concludes with a Bachelor's thesis. During your studies, you will complete at least three internships both in Germany and abroad and spend one or two semesters abroad to put your theoretical knowledge into practice and expand your international network.
You can study this program either bilingually in the Bilingual Track (70% German/30% English) or completely in English in the English Track (100% English) to prepare you for global challenges.
The studies at MBS focus on the international market. A large part of the course content is taught in English and MBS students come from all over the world.
Internationality is also expressed through the semester abroad. Students spend the last semester at one of our more than 60 partner universities around the world.
Students work on a business project for a real company. In doing so, they apply the theoretical knowledge gained during their studies in practical applications.
The following diagram shows all the specializations you can choose in the Bachelor's International Business program at Munich Business School, including the two suitable specializations for consulting.
The financial market has international ramifications. In this context, companies and financial institutions are looking for competent specialists who have comprehensive knowledge in the areas of controlling, corporate finance and asset management and can apply this knowledge in an international context. The main objective of this specialization is to introduce students to the methods and tools of international finance in the 21st century. This includes aspects such as value-oriented investment assessments, financing decisions, international trade finance and the assessment of risks in a global environment.
What career prospects does this choice of specialization open up?
The knowledge acquired in the field of financial valuation and strategic financial management opens up excellent career opportunities, both in companies and in valuation and investment companies as well as in the financial industry:
If you have any further questions or need more information, you are welcome to contact our student advisory service.
The focus of this specialization is the investigation of a comprehensive, integrated approach to entrepreneurial activity. This includes the management and monitoring of corporate processes as well as the management of risks and the design of target, monitoring and control systems. The focus includes the analysis of business processes, audits and revisions in companies, taking into account not only corporate groups but also the specific challenges of corporate management in small and medium-sized enterprises (SMEs) and hidden champions.
This choice of focus opens up a wide range of career prospects in an increasingly complex corporate environment:
Expertise in corporate management and development is particularly valuable in times of rapid corporate decisions and complex risk assessments and offers excellent opportunities for entry and further development in corporations, SMEs as well as in business consultants and auditing and tax consulting firms.
If you have any further questions or need more information, please feel free to contact our student advisory service.
Application
In order to qualify for admission to the business administration and bachelor studies at Munich Business School, you must first meet certain requirements regarding previous schooling and language skills. MBS offers several application rounds and recommends that you submit your application early as the number of places is limited.
There are three admission pathways to the Bachelor’s program at Munich Business School:
Munich Business School also offers a Pre-Bachelor program in International Business as the ideal preparation for bachelor’s-level study.
English Proficiency
Applicants for the Bilingual Track must proof their English language skills by passing one of the following language tests:
Note: If the test is also used to apply for a visa, please check the requirements of the respective embassy in advance.
Test results can only be accepted if achieved within the last two years. If you are unable to obtain your test results before handing in your MBS application, please advise us of your planned test date.
The English proficiency test can be waived by applicants having completed their schooling in English (i.e. US High School Diploma, IB Diploma).
English Proficiency
If you apply for the English Track, you must proof your English language skills by passing one of the following language tests:
Note: If the test is also used to apply for a visa, please check the requirements of the respective embassy in advance.
Test results can only be accepted if achieved within the last two years. If you are unable to obtain your test results before handing in your MBS application, please advise us of your planned test date.
The English proficiency test can be waived by applicants having completed their schooling in English (i.e. US High School Diploma, IB Diploma).
You would like to change university and continue your studies at Munich Business School? We offer Bachelor students the possibility of a transfer to the 2nd or 3rd semester. Previous knowledge in the fields of business administration and management, business law, accounting, mathematics and economics is required. Equivalent study and examination achievements, which have been acquired in an economics program in the basic studies, are counted towards the first two semesters of the bachelor's program at MBS up to a total of 60 ECTS.
Pre-Check of your academic achievements
For a non-binding pre-check of your academic achievements, please submit your curriculum vitae, an official grade confirmation as well as the official module descriptions of the courses you have already completed (with details on ECTS number per course, learning content, number of hours, type of final achievement and learning outcomes). The administrative fee for the Pre-Check is 60 euros. In case of a subsequent application to MBS, the application fee is waived.
Admission requirements
Application deadlines for transfer students
If you have any further questions, please do not hesitate to contact our student advisory service.
Application Documents
Online Application
Application Fee
Please transfer the application fee of 60 Euro to:
Munich Business School GmbH
Account 1020132229
Deutsche Kreditbank (Bank Code 120 300 00)
BIC: BYLADEM1001
IBAN: DE23120300001020132229
or via PayPal: paypal@munich-business-school.de
Application Rounds
Upon receipt of the application fee, the Admission Office checks your documents and invites you to a personal interview. You will receive your feedback within three days. Since the number of study places is limited, we recommend an early application. Your application is possible up to one year in advance. You will then submit your school leaving certificate and proof of English language skills by the start of your studies at the latest.
Scholarships
MBS offers partial scholarships to committed prospective students. In order to apply for one of the limited scholarships, please submit a personal statement with your application for a study place. In this statement you convincingly justify your interest in the scholarship program. You can find further information at Scholarships and Financing.
MBS offers application rounds on a monthly basis. You pick one round for your application.
The next application deadlines for a program start in 2024/2025:
Round May: Application deadline May 15 with personal interviews in May/June
Round June: Application deadline June 15 with personal interviews in June/July.
Round July: Application deadline July 15 with personal interviews in July/August.
Round October: Application deadline October 15 with personal interviews in October/November.
Round November: Application deadline November 15 with personal interviews in November/December.
Round December: Application deadline December 15 with personal interviews in December/January.
The personal interview (approx. 45 minutes) consists of three parts:
You will receive the results of the interview within one week. If you are accepted, the Admission Office will send you your personal study contract. The place of study is then reserved for three weeks. To secure your place of study, you return your signed contract to MBS by e-mail or mail and make a deposit.
Upon acceptance of the study place, you will be required to pay an enrollment fee of 690 Euro (for international students: 1,490 Euro) and a deposit of 1,990 Euro. The latter is offset against the payment installment of your semester fee.
If you are a Non-EU national, you are required to apply for a student visa in order to start your studies in Germany. To obtain a visa invitation letter from Munich Business School, please take the following steps:
1. Hand in your signed study contract and a copy of your passport details page.
2. Transfer the one-time enrollment fee and the deposit of 1,990 Euro. The deposit will be deducted from the first semester tuition installment.
Munich Business School offers attractive scholarships. These are 10 - 50% for the 1st and 2nd Bachelor semester. The application for one of the scholarships is made together with the application for a study place. Further information can be found under "Scholarships and financing".
The program is also aimed at pre-bachelor students.
"If you are interested in international world affairs and business, you are in good hands here. I was previously at Ludwig Maximilian University and am now more than happy to be at MBS! Here you are not just one among thousands, but can grow in your studies."
Leonie on StudyCHECK
Salaries in consulting can vary greatly and depend on several factors, including work experience, specialization, region, company and education level. Here are some general guidelines for a consultant salary:
It is important to note that these figures are general estimates and may vary depending on industry, company size and individual negotiations. Companies in large cities or with an international focus tend to offer higher salaries. In addition, bonuses, benefits and profit sharing can have a significant impact on the Consultant salary.
The Munich Business School in Numbers
The consulting field offers a variety of career opportunities in different specializations. The following consulting jobs can be found in a variety of sectors, including business consultants, in-house consulting teams of companies or as independent consultants. Depending on their interests, skills and apprenticeship, professionals can choose their area of focus and develop in specific areas of consulting. Here are some common careers in consulting:
| Management Consulting | Focused on the optimization of business processes, strategic planning and organizational development. |
|---|---|
| IT Consultant | Specializes in information technology, including software implementation, IT strategy and digital transformation. |
| Strategy Consultant | Works to help organizations develop long-term strategic plans and decisions. |
| Human Resources Consultant | Advises organizations on human resources issues, including recruitment, talent development and HR strategies. |
| Financial Consultant | Focuses on financial aspects such as budgeting, financial analysis and risk management. |
| Organizational Development Consultant | Specializes in improving corporate structures, cultures and processes. |
| Change Management Consultant | Helps companies manage change and supports transformation in organizations. |
| Marketing and Sales Consultant | Supports the development of marketing strategies, market research and sales optimization. |
| Environmental and Sustainability Consultant | Advises companies on environmental and social responsibility and sustainable business practices. |
| Technology Consultant | Focuses on technological innovation, R&D strategies and the integration of new technologies. |
| Healthcare Consultant | Advises healthcare companies and organizations on efficiency, patient care and strategic planning. |
The world of consulting offers a wide range of exciting career opportunities, from management to IT and organizational development. In this context, we take a closer look at three fascinating professions.
Tasks: Management consultants support companies in optimizing their business processes, developing strategies and solving challenges. They analyze data, identify areas for improvement, develop implementation plans and work with executives to effect change.
Why it's interesting: The profession allows you to work in different industries and companies, which brings with it a variety of challenges and projects. In Management Consulting it is possible to work with different teams and leaders and gain insights into different business models.
Tasks: IT consultants focus on implementing information technologies, advising on IT strategies and optimizing IT processes. They work closely with clients to understand their business objectives and develop and implement customized technology solutions.
Why it's interesting: The constantly evolving IT landscape offers IT consultants the opportunity to participate in innovative projects. They play a key role in implementing digital transformation and can help make companies more efficient and competitive.
Tasks: Organizational developers focus on improving the structures, cultures and work processes of companies. They analyze the organization, identify areas for change, develop and implement strategies for organizational improvement and help promote collaboration and efficiency.
Why it's interesting: The profession offers the opportunity to effect positive change within organizations. They play a critical role in designing work environments that promote employee motivation and productivity and can help make organizations more agile and adaptable.
DID YOU KNOW?
After an MBS Bachelor's or Master's degree, you can also take up all these professions abroad without any problems.
A consulting study program prepares students for a career as a business consultant. It includes business or related courses that provide expertise in areas such as management, strategy and organizational development. Programs can have different concentrations to cover specific areas of consulting, such as technology or management consulting. Munich Business School, for example, offers programs related to consulting, but this varies from university to university. During their studies, students acquire skills to help companies solve challenges and make strategic decisions.
It is possible to study consulting at various universities in Germany. Munich Business School (MBS), for example, is a private university in Munich that offers a variety of business management courses. Although MBS does not offer a specific course with the title "Consulting", there are courses such as Bachelor or Master International Business, which can include modules and specializations in the field of consulting. Students can often focus on specific specializations or concentrations, including consulting.
Careers with a promising future include data science, artificial intelligence, healthcare, renewable energy and environmental technologies. Consulting can also be a promising career option as companies increasingly rely on external experts to tackle strategic challenges and adapt to change. The demand for experts in the field of digitalization and transformation contributes to the relevance of consulting. It is important to invest in industries with a growing need for professionals and adaptability to changing market conditions.
To become a consultant, a combination of Business Studies (business administration) with another subject area is advantageous. Popular combinations are Business Studies and Computer Science for IT consulting, Business Studies and Business Informatics for digital transformation or Business Studies and Engineering for technical consulting. Business Studies in combination with psychology or communication sciences can also be helpful for consulting areas such as organizational development. The exact subject area depends on personal interests and the desired consulting specialization.
The best-paying professions with study vary by industry and experience. In many cases, certain consulting fields are among the well-paid professions. Management consultants, especially those in strategy and business consultants, can command very attractive salaries. Other high-paying professions include medical disciplines such as surgeons, dentists, as well as engineers, IT experts and finance professionals. However, earnings depend on factors such as specialization, experience and geographical location.
